Ubisoft is eyeing THQ assets that are in play as part of THQ's bankruptcy, reports MCV, citing "sources." Their sources tell them Ubisoft is looking for bargains, and is willing to wait until specifics assets are sold.

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nin wrote on Dec 21, 2012, 23:40:Somebody get Gabe on the phone. If we can twist his arm just right, he might even green light a space shooter from Volition, once he owns them.

(I can dream, dammit.)

That's all it would be - once emerging from Chapter 11, THQ will be considerably more valuable than their stock price indicated. Likely far too rich for Valve's blood (although Valve likely has the money to buy Volition or Relic should they be so inclined, and they don't get into a bidding war with anyone else).

Granted, the practical upshot of Ubi being the first confirmed bidder is that it means the bidding is likely starting off pretty low - they're not exactly swimming in cash.